For the pair of supply-and-demand equations, where x represents the quantity demanded in units of 1000 and p is the unit price in dollars, find the equilibrium quantity and the equilibrium price.
For finding the equillibrium quantity and equallibrium price, solve the both equation and find the value of p and x from equation,
Multiplying by 3 in equation (1) and by 2 in equation (2) and on solving,
Putting value of p in...
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